Jeremy's debt-to-credit ratio is 0.471.
<h3>What is debt-to-credit ratio?</h3>
debt-to-income ratio is the percentage of a consumer's monthly gross income that goes toward paying debts.
Here, Based on the given conditions,
formulate = Total debt / total credit limit
= 2355 / 5000
= 471/1000
Cross out the common factor: 471/1000
Round 471/1000 to the required place:: 0.471
Thus, Jeremy's debt-to-credit ratio is 0.471.
Learn more about Debit to credit ratio from:
brainly.com/question/13290364
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